Inner-City Computer Stars Foundation

Analysis

Inner-City Computer Stars Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 1999, 27 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Inner-City Computer Stars Foundation reported income of $7.1m and spending of $5.4m, leaving 25% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $3.0m to $7.1m (+138%), an average of +24% a year. The sharpest change came in the year to August 2023, when income rose by 60%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Inner-City Computer Stars Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IL. Charities of a similar size with the same main cause include Dayton-Miami Valley Entrepreneurs Center ($7.1m), Solano County Private Industry Council Inc ($7.1m) and East Cascades Workforce Investment Board ($7.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 80% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $353k (6.6% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $7.2m against liabilities of $3.3m, net assets of $3.9m. It reported 27 employees.